iSign Media Solutions Inc. (ISD, TSX-V)

A non-resource play we continue to like is iSign Media Solutions (ISD, TSX-V)…the company is a global leader in multi-platform location-based messaging solutions that utilize Bluetooth, Mobile, WiFi and Location-Aware technologies to deliver permission-based consumer messaging in an innovative and cost effective way to engage shoppers at the point of sale…iSign is making strong inroads in the United States and is also in the process of finalizing a major financing (up to $9 million) through a 30-cent private placement…the stock closed Friday at 27.5 cents…the financing will be used for the manufacturing of the company’s smart antennas to fulfill both existing and anticipated purchase orders…the company’s revenues for the first quarter of 2013, ending January 31, nearly tripled over the same period last year…technically, the stock has been consolidating in a horizontal channel between 20 and 30 cents since November of last year…accumulation has picked up since February…note the down trend line in the 2.5-year weekly chart below…if the company continues to successfully advance its business plan, it’s just a matter of time before the share price busts through the 28 to 30-cent resistance area…